Zcash surged over 80% after developers patched an Orchard bug and proposed 
Ironwood to restore supply verification.
The post Zcash rebounds 80% as developers propose Ironwood upgrade after 
Orchard bug appeared first on Crypto Briefing.

Zcash surged over 80% after developers patched an Orchard bug and proposed Ironwood to restore supply verification. The post Zcash rebounds 80% as developers propose Ironwood upgrade after Orchard bug appeared first on Crypto Briefing.

Zcash rebounds 80% as developers propose Ironwood upgrade after Orchard bug

Jiang Zhuoer, CEO of BTCTOP and one of China’s best-known Bitcoin mining 
figures, pushed back against fears that Strategy could become a major forced 
seller of BTC, arguing that the company’s balance-sheet risk remains 
manageable even under a severe Bitcoin drawdown. In a post on X, Jiang said he 
does not believe MicroStrategy, now Strategy, will “substantially net sell 
BTC,” pointing to a group discussion he shared on the company’s liabilities, 
STRC interest payments, funding structure and market concerns. The comments 
come as investors debate whether Strategy’s Bitcoin-backed capital markets 
model could come under pressure if BTC weakens further or if demand for STRC 
remains fragile. Bitcoin Panic Over Strategy Overblown? At the center of 
Jiang’s argument is the distinction between selling some Bitcoin and becoming 
a net seller of Bitcoin. He argued that a limited sale of older, low-cost BTC 
could be used to demonstrate realized investment gains, support STRC-related 
payments and reassure traditional investors without changing the broader 
accumulation strategy. Related Reading: Bitcoin’s “Electrical Cost” Suggests 
Possible Bear Market Floor Near $50,000 — Analyst “MicroStrategy will not 
significantly net-sell its coins,” the translated group discussion stated. “He 
already explained the reason for the last coin sale in an interview. He wanted 
to sell STRC.” According to the discussion, Strategy’s logic rests on the 
assumption that Bitcoin’s long-term appreciation can support the cost of STRC 
funding. The message attributed the thesis to a calculation that BTC can 
compound at around 30% annually, while using roughly 10% to pay interest would 
still leave sufficient room for the strategy to work. The concern, however, is 
not simply whether Strategy owns enough Bitcoin. It is whether the firm’s 
financing structure looks credible to traditional investors. The discussion 
framed the market’s core worry bluntly: if later STRC proceeds are used to pay 
earlier STRC interest, critics could view the model as resembling a Ponzi-like 
funding loop. That is why, in Jiang’s view, selective Bitcoin sales may be 
necessary rather than alarming. Selling some of the earliest and cheapest BTC 
would allow Strategy to show accounting gains. Those gains could then be used 
to pay STRC interest, while newly raised STRC proceeds are deployed into 
additional Bitcoin purchases. If the new BTC purchases are several times 
larger than the old BTC sold, Jiang argued, Strategy remains a net buyer. “So 
MicroStrategy has to sell some of the earliest and cheapest Bitcoin it 
bought,” the translated discussion said. “That way, accounting-wise, it can 
show investment gains. Then using the investment gains from selling Bitcoin to 
pay STRC interest becomes completely reasonable.” Related Reading: Bitcoin’s 
Great Wealth Transfer May Fuel Next Rally, Says CryptoQuant CEO Jiang also 
pushed back against fears that Strategy’s liabilities could spiral if STRC 
trades below par. He said the current debt-to-asset ratio is only about 5%, 
and characterized STRC’s discount as a short-term market sentiment issue 
rather than a sign of insolvency risk. In the worst case, he argued, several 
months of continued payments could restore confidence in the instrument. The 
discussion used a real estate analogy to explain the point. If a borrower owns 
$10 billion of houses and has borrowed $500 million, lenders may still worry 
if the borrower insists the houses can never be sold. But if the borrower 
shows willingness to sell one house to cover interest, the risk profile 
changes. “After all, I have 10 billion worth of houses, and I only borrowed 
500 million,” the translated message said. “As long as I’m willing to sell 
houses, there absolutely won’t be a situation where I can’t repay 500 million. 
That is why MicroStrategy has to start selling coins: to borrow more money and 
buy more coins.” Jiang’s argument also distinguishes STRC holders from Bitcoin 
holders. In his view, STRC buyers are not primarily betting on BTC upside; 
they care whether Strategy is willing and able to pay dividends. If the 
company shows that it can monetize BTC when needed, that may reduce the 
biggest concern among STRC investors. At press time, BTC traded at $63,468. 
Featured image created with DALL.E, chart from TradingView.com

Jiang Zhuoer, CEO of BTCTOP and one of China’s best-known Bitcoin mining figures, pushed back against fears that Strategy could become a major forced seller of BTC, arguing that the company’s balance-sheet risk remains manageable even under a severe Bitcoin drawdown. In a post on X, Jiang said he does not believe MicroStrategy, now Strategy, &#8230;

Bitcoin Crash To $30,000? China Mining Giant Says Strategy Can Survive

Kalshi&#8217;s strategic D.C. expansion highlights the prediction market industry&#8217;s 
push for favorable regulation amid looming oversight challenges.
The post Kalshi hires more staff in Washington to build political capital 
appeared first on Crypto Briefing.

Kalshi&#8217;s strategic D.C. expansion highlights the prediction market industry&#8217;s push for favorable regulation amid looming oversight challenges. The post Kalshi hires more staff in Washington to build political capital appeared first on Crypto Briefing.

Kalshi hires more staff in Washington to build political capital

OPEC+&#8217;s quota hike may not ease oil supply constraints, risking higher prices 
and inflation, impacting global markets and economic stability.
The post OPEC+ raises oil production quotas by 188,000 barrels per day in July 
appeared first on Crypto Briefing.

OPEC+&#8217;s quota hike may not ease oil supply constraints, risking higher prices and inflation, impacting global markets and economic stability. The post OPEC+ raises oil production quotas by 188,000 barrels per day in July appeared first on Crypto Briefing.

OPEC+ raises oil production quotas by 188,000 barrels per day in July

The AI selloff highlights potential for strategic investments, but 
macroeconomic challenges and valuation concerns require cautious optimism.
The post Nvidia CEO says recent AI selloff offers buying opportunity appeared 
first on Crypto Briefing.

The AI selloff highlights potential for strategic investments, but macroeconomic challenges and valuation concerns require cautious optimism. The post Nvidia CEO says recent AI selloff offers buying opportunity appeared first on Crypto Briefing.

Nvidia CEO says recent AI selloff offers buying opportunity

Zcash price has recovered roughly 50% from last week&#8217;s lows after a proposal 
for a new network upgrade sought to address concerns raised by a recently 
disclosed vulnerability that could have allowed the creation of counterfeit 
tokens. According to Zcash…

Zcash price has recovered roughly 50% from last week&#8217;s lows after a proposal for a new network upgrade sought to address concerns raised by a recently disclosed vulnerability that could have allowed the creation of counterfeit tokens. According to Zcash…

Zcash rebounds 80% as developers propose Ironwood upgrade after Orchard bug

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